The “-” in front of the Heat odds means they’re the favorite to win. In this case, a $100 bet on the 76ers would pay $120 (plus your original bet back, making the total payout $220).Ĭonversely, you’d need to bet $150 on the Heat to win $100 (plus your original bet back). The easiest way to understand American odds and their payouts is to pretend you’re placing a bet.
Here’s a look at PointsBet’s odds for an NBA matchup using American odds. American OddsĪs mentioned, American odds are the most common format at US sportsbooks. Still, learning to read each type can be valuable. However, most sportsbooks will default to American odds. Some sportsbooks let you toggle between these formats. There are three types of odds formats: American, decimal, and fraction. What Are American, Decimal, And Fraction Odds?
